What we need to do is legalize drugs, and tax them
"Peter Wiley" wrote in message
. ..
I agree with Bob. Why should the rich be taxed more
heavily? I don't
mean in absolute dollar terms, in percentage terms. If the
tax rate is
10% for those 'deserving poor', why should it be higher
for the
'******* rich'?
As for closing loopholes, really Jon, have you no
knowledge of history,
or is this yet another manifestation of your determination
to see the
world as you wish it was, rather than as it is? Show me
*one* place or
country where closing loopholes etc has achieved what you
want. At most
you get get richer middle class accountants, an increased
tax burden on
the few people who can't find a way around the new rules,
more complex
enforcement procedures and at last resort a flight of
capital and
emigration of the rich.
In short, it doesn't work. It never has worked. Absent a
worldwide
agreement on tax regimes and treatments, it never will
work. It is a
waste of time.
Show me one country where your policy has been
successfully
implemented. AFAIK there isn't one. OTOH Ireland has
gotten a lot more
wealthy by reducing its tax rates.
PDW
In article , Capt. JG
wrote:
The real world is that the rich are disportionally not
taxed as much as the
rest. Their taxes need to be raised and the loopholes
closed.